124
124
Dec 24, 2012
12/12
by
CSPAN
tv
eye 124
favorite 0
quote 0
what happens next in the debate over the fiscal cliff. caller: i think with the current state of our economy, if the government is not doing their job and are taking their vacation and stuff, why don't they start at minimum wage? that would wrestle them up. get rid of their pensions and put them on 401k's. it is about time we started to take care of the people again. host: barbara from manchester, new jersey. caller: you will never get the gop in power to cooperate. that is not their goal. their goal is to make president obama a failure, no matter what it does to this country. thank you. host: lots of different points of view. joshua gordon. guest: the main issue is when you look at how spending programs are growing more quickly than the economy. we need to look at how we are going to pay for that. we are not going to pay for it with a major reform. this fiscal cliff thing is a short-term issue. we are trying to recover from this financial crisis. the economy is slowly doing better but still has not come back to pre-crisis levels. do we w
what happens next in the debate over the fiscal cliff. caller: i think with the current state of our economy, if the government is not doing their job and are taking their vacation and stuff, why don't they start at minimum wage? that would wrestle them up. get rid of their pensions and put them on 401k's. it is about time we started to take care of the people again. host: barbara from manchester, new jersey. caller: you will never get the gop in power to cooperate. that is not their goal....
289
289
Jan 1, 2013
01/13
by
CNNW
tv
eye 289
favorite 0
quote 0
pain, patience has worn thin. >> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in la la land and everyone is saying how you're acting like a bunch of spoiled brat who is are r more interested in being right than in doing the the right thing and representing the people who elected you. >> reporter: mary snow, cnn, new york. >>> i'm joe johns. thanks for joining us. cnn newsroom continues now with ashlee banfield. >> we went over the fiscal cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax, that was a big sticking point for lawmakers, and now the tax rate goes up to 40% for estates that are valu
pain, patience has worn thin. >> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in la la land and everyone is saying how you're acting like a bunch of spoiled brat who is are r more interested in being right than in doing the the right thing and representing the people who elected you. >> reporter: mary snow, cnn, new york. >>> i'm joe johns. thanks for joining us. cnn newsroom continues...
178
178
Dec 31, 2012
12/12
by
CNNW
tv
eye 178
favorite 0
quote 0
cliff, will the economy get sucked back into a recession or is a compromise possible? words of wisdom from a wall street journal senior writer right after this break. "wall street journal" senior writer right after this break. [ cellphone chirping ] [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] recession or is a compromise [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast. [ male announcer ] stop the uh-oh fast with kaopectate. >>> we hear plent at this of chatter from pundits that democrats and republicans need to come together. let's get real. president obama has already given a lot more ground than the republicans have, so my advice to senator reid and president o
cliff, will the economy get sucked back into a recession or is a compromise possible? words of wisdom from a wall street journal senior writer right after this break. "wall street journal" senior writer right after this break. [ cellphone chirping ] [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] recession or is a compromise [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live...
230
230
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 230
favorite 0
quote 0
standpoint, that is much, much more scarier than anything that happens with the fiscal cliff. >> who gets us through that? anyone left? >> well, your guess is as good as mine. white house people say that obama refuses to negotiate and he believes that the public is behind him, but it is not a compelling argument no the house republica republican, and that is the huge danger that people are focusing on which is the debt limit, because it is not part of the discussions, and that means we will go through it again in 60 or 90 days. >> thank you, josh green from bloomberg business. that is "hardball" for now, and coming up next is "your business" with jj ramberg. that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. see what's new from campbell's. progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you
standpoint, that is much, much more scarier than anything that happens with the fiscal cliff. >> who gets us through that? anyone left? >> well, your guess is as good as mine. white house people say that obama refuses to negotiate and he believes that the public is behind him, but it is not a compelling argument no the house republica republican, and that is the huge danger that people are focusing on which is the debt limit, because it is not part of the discussions, and that means...
180
180
Dec 27, 2012
12/12
by
CNBC
tv
eye 180
favorite 0
quote 0
>> doing this all year long, news about the economy or settlement of the fiscal cliff issue, the bond market sells off a little bit and the market rallies. here we are again. hope springs eternal. >> let's say we get a deal in the near term, some sort of a framework deal. does that mean we'll see rates on the treasury yield curve rise appreciably, in other words, we'll sell off on the bond market. >> the initial reaction will be relief and risk assets, selloff in treasuries, and keep in mind any deal that we get is probably going to mean more austerity, not less, higher taxes and less spending in 2013 and 2014, and ultimately that's good for the bond market. it's not a bad thing for the bond market. >> do you agree, jeff cox? >> i agree with the notion that, of course, we're at mercy of the fiscal cliff talks, and i do think that the near term picture for equities is not looking very good because anybody who has any faith that these guys are going to get a deal done within the next couple of days i think is kidding themselves, as we've been kidding ourselves for the past couple of mon
>> doing this all year long, news about the economy or settlement of the fiscal cliff issue, the bond market sells off a little bit and the market rallies. here we are again. hope springs eternal. >> let's say we get a deal in the near term, some sort of a framework deal. does that mean we'll see rates on the treasury yield curve rise appreciably, in other words, we'll sell off on the bond market. >> the initial reaction will be relief and risk assets, selloff in treasuries,...
209
209
Dec 30, 2012
12/12
by
CNNW
tv
eye 209
favorite 0
quote 0
economy is on the verge of taking off. but the fiscal cliff mess could get in the way. how much could eexpect in 2013 with a deal or without a deal. well, i guess i can double check... my watch! [ male announcer ] it pays to double check, with state farm. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. >>> welcome back to "your money," we welcome our viewers here in the united states and around the world. breaking news on the fiscal cliff. there's been a significant snag in the negotiations with just fewer than two days remaining to go. about 36 hours remaining on the countdown clock. dana bash is on capitol hill with latest. dana, what have you got? >> this kbifs you a good sense of where things stand. they're at a stands
economy is on the verge of taking off. but the fiscal cliff mess could get in the way. how much could eexpect in 2013 with a deal or without a deal. well, i guess i can double check... my watch! [ male announcer ] it pays to double check, with state farm. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for...
158
158
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 158
favorite 0
quote 0
economy officially went over the fiscal cliff, the senate passed a deal to avert its worst effects. the bill passed easily. it was a vote of 89-8, and it set up a showdown in the house which will convene four hours from now. republican leader mitch mcconnell said the process wasn't pretty but it got the job done. >> each of us could spend the rest of the week discussing what a perfect solution would have looked like, but the end result would have been the largest tax increase in american history. so, it took an imperfect solution to prevent our constituents from a very real financial pain, but in my view, it was worth the effort. >> so, here's what in that imperfect bill. tax rates will rise for individuals making over $400,000 and couples making more than $450,000. high-end rates for the estate tax and the capital gains tax will rise. all of those elements will be made permanent. in addition, the alternative minimum tax, which is patched every year, will be fixed permanently. several tax credits, including ones for children, college tuition and earned income, will be extended for f
economy officially went over the fiscal cliff, the senate passed a deal to avert its worst effects. the bill passed easily. it was a vote of 89-8, and it set up a showdown in the house which will convene four hours from now. republican leader mitch mcconnell said the process wasn't pretty but it got the job done. >> each of us could spend the rest of the week discussing what a perfect solution would have looked like, but the end result would have been the largest tax increase in american...
138
138
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 138
favorite 0
quote 0
for the foreseeable future. >> jill, if this fiscal cliff bill does get done is the new congress going to be more or less likely to work with the president on his second term agenda? >> well, the president is going to have more senators to work with, 55 as opposed to 53. that doesn't mean he'll have an easy time of it because republicans can block anything they want in the senate. it depends on what lessons if any republicans took from the election. i do think that the principle gap is very deep and so i'm not sure that we're going to see a kumbaya situation. but as i say, there are some advantages for republicans in making some compromises if they will see it that way. and particularly the demographic challenges. so, you know, ultimately i think the one thing to do is keep -- be realistic about the timetable. i'm not sure the president is going to get everything done that he wants to in 2013 but i would bet on immigration reform. maybe that's crazy and you'll have me back here and i'll have to say no i was wrong. i do think it's so much in republicans' self-interest. they've got some
for the foreseeable future. >> jill, if this fiscal cliff bill does get done is the new congress going to be more or less likely to work with the president on his second term agenda? >> well, the president is going to have more senators to work with, 55 as opposed to 53. that doesn't mean he'll have an easy time of it because republicans can block anything they want in the senate. it depends on what lessons if any republicans took from the election. i do think that the principle gap...
339
339
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 339
favorite 0
quote 0
is really at stake, people's taxes are at stake, and if we go over the fiscal cliff, individuals will see taxes go up by $2,000, there is a lot of pressure on congress and white house to take action. that pleasure is playing a huge role. >> kristen welker and kelly o'donnell, thank you, both. we continue our breaking coverage of fiscal cliff talks and what appears to he about a last-minute break through when we come back. please stay with us. ♪ [ male announcer ] why do more emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in storage. now...guaranteed. duracell with duralock. trusted everywhere. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. [ ship horn
is really at stake, people's taxes are at stake, and if we go over the fiscal cliff, individuals will see taxes go up by $2,000, there is a lot of pressure on congress and white house to take action. that pleasure is playing a huge role. >> kristen welker and kelly o'donnell, thank you, both. we continue our breaking coverage of fiscal cliff talks and what appears to he about a last-minute break through when we come back. please stay with us. ♪ [ male announcer ] why do more emergency...
274
274
Jan 1, 2013
01/13
by
CNNW
tv
eye 274
favorite 0
quote 0
filing i reports like missy, of fayetteville, arkansas. >> this fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in lala land, and eve everyone is saying how you're asking like spoiled brats who are more interested in being right than doing the right thing and representing the people who elected you. >> mary snow, cnn, new york. >> more interesting, being right than doing the right thing for your country. cnn's coverage of the fiscal cliff continues right after this.
filing i reports like missy, of fayetteville, arkansas. >> this fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in lala land, and eve everyone is saying how you're asking like spoiled brats who are more interested in being right than doing the right thing and representing the people who elected you. >> mary snow, cnn, new york. >> more interesting, being right than doing the right thing for your country....
180
180
Dec 29, 2012
12/12
by
FOXNEWSW
tv
eye 180
favorite 0
quote 0
why has it taken so long when they knew they had this fiscal cliff coming to them? joining me now for a fair and balanced debate on the topic, angela mcglowan is with us, and mark hanna, a strategist and former aide to the john kerry and barack obama campaigns. thank you for joining us, look, here we are right now on friday, we heard the president following his meeting with congressional leaders at the white house. president obama told reporters that he was modestly optimistic that a deal could be reached. he's counting on the sen if we l cliff because john boehner, the speaker of the house of representatives wasn't able to get the republicans to get the republicans to support a plan b. >> here is the rub, may i go? here is the rub. >> please. >> boehner knows how to negotiate and took on bowles plan, simpson bowles, he took on part of their plan, his first proposal. his second proposal was nancy pelosi's proposal she offered in may of this year of doing tax cuts on people of one million dollars and above, that are one million and above. >> and now plan c now. >> no
why has it taken so long when they knew they had this fiscal cliff coming to them? joining me now for a fair and balanced debate on the topic, angela mcglowan is with us, and mark hanna, a strategist and former aide to the john kerry and barack obama campaigns. thank you for joining us, look, here we are right now on friday, we heard the president following his meeting with congressional leaders at the white house. president obama told reporters that he was modestly optimistic that a deal could...
201
201
Dec 30, 2012
12/12
by
CNNW
tv
eye 201
favorite 0
quote 0
cliff deal. but a former assistant secretary of defense says he can help with a way to cut almost $100 billion from the defense budget. he will be here to explain. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >>> this whole fiscal cliff mess shows how incredibly out of touch your the way people really live in this country. you are off in la la land and everyone is saying how you're acting like a bunch of spoiled brats who are more interested in being right than in doing the right thing and actually representing the people who elected you. >> my new year's message to wash
cliff deal. but a former assistant secretary of defense says he can help with a way to cut almost $100 billion from the defense budget. he will be here to explain. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power...
141
141
Dec 24, 2012
12/12
by
MSNBCW
tv
eye 141
favorite 0
quote 0
. >>> are retail sales diving off the fiscal cliff? we'll talk about how the tax cut debate is impacting the recent christmas shopping economy. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? when you lost the thing you can't believe you lost.. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid card. spends like cash. feels like membership. >>> senator mike crapo is apologizing for his drunk driving arrest. he said, quoetd, i'm deeply sorry for the actions that resulted in this circumstance. i made a mistake for which i apologi
. >>> are retail sales diving off the fiscal cliff? we'll talk about how the tax cut debate is impacting the recent christmas shopping economy. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car...
162
162
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 162
favorite 0
quote 0
cliff could have on this country's economy. prior to the president's statement, the gloomy outlook for a deal was evident on wall street. the dow fail 158 points or 1.2% to settle at 12,938. fifth straight day of decline on the street. i would like to bring in david nakamura of "the washington post" and david jackson of "usa today." how conscious are our leaders in d.c. of the ripple effect this could have and how conscious are consumers of what might be about to hit them? >> well, the white house is very conscious of it it. they may have the political advantage of this deal, but the fiscal cliff could tip the country back into a recession. consumers are worried they'll start to pick up on the news and once it hits their paychecks they'll definitely feel it. >> do you think the consumers are paying as close attention as we'd like to think that they are. i think they are even though it's holiday time and going back to businesses and i was at the white house when president obama had a series of businesses with small business and
cliff could have on this country's economy. prior to the president's statement, the gloomy outlook for a deal was evident on wall street. the dow fail 158 points or 1.2% to settle at 12,938. fifth straight day of decline on the street. i would like to bring in david nakamura of "the washington post" and david jackson of "usa today." how conscious are our leaders in d.c. of the ripple effect this could have and how conscious are consumers of what might be about to hit them?...
136
136
Dec 29, 2012
12/12
by
CNNW
tv
eye 136
favorite 0
quote 0
economy is on the verge of taking off but this fiscal cliff mess could get in the way. how much? what can we expect in 2013 with or without a deal? aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away.
economy is on the verge of taking off but this fiscal cliff mess could get in the way. how much? what can we expect in 2013 with or without a deal? aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing...
379
379
Jan 1, 2013
01/13
by
FOXNEWSW
tv
eye 379
favorite 0
quote 0
is going over the fiscal cliff. the real question now is whether washington can get its act together before the economy takes a hit and whether washington and lawmakers can somehow hold that off. the votes we don't know how they will come down and whether they will come down tonight in the senate or tomorrow in the house. but, tonight is also new year's eve. we are an hour and 15 minutes and 30 some seconds from the big crystal ball in times square and there you see it dropping down. and right in front of that crystal ball, my friends and colleagues, megyn kelly and bill hemmer. hi, guys. >> hey, bret. it's new year's eve. >> bret: how are you? >> we are doing fine. i think these are one of the many days, bret, no offense, we are thankful we live in new york city and not washington, d.c. >> did you draw the short straw or what, brother? >> bret: , we did a special report and thought this is great. we will do a live 8:00 p.m. and be all set and then. >> go home with the kids and hang out with the wife, you know. >> i
is going over the fiscal cliff. the real question now is whether washington can get its act together before the economy takes a hit and whether washington and lawmakers can somehow hold that off. the votes we don't know how they will come down and whether they will come down tonight in the senate or tomorrow in the house. but, tonight is also new year's eve. we are an hour and 15 minutes and 30 some seconds from the big crystal ball in times square and there you see it dropping down. and right...
171
171
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 171
favorite 0
quote 0
keep in mind that the threat of tax hikes going up is only one part of this so-called fiscal cliff that everybody has been talking about. what we also have facing us starting tomorrow are automatic spending cuts that are scheduled to go into effect. keep in mind that some of these spending cuts that congress has said will automatically go into effect have an impact on our defense department, but they also have an impact on things like head start and so there are some programs that are scheduled to be cut that we're using an ax instead ax instead of a scalpel. may not always be the smartest cuts and so that is a piece of business that still has to be taken care of. and i want to make clear that any agreement we have to deal with these automatic spending cuts that are being threatened for next month, they have to be balanced. my principle is to do things in a balanced, responsible way and that means that revenues have to be part of the equation in turning off the sequester and eliminating the automatic spending cuts as well as spending cuts. now, the same is true for any future deficit ag
keep in mind that the threat of tax hikes going up is only one part of this so-called fiscal cliff that everybody has been talking about. what we also have facing us starting tomorrow are automatic spending cuts that are scheduled to go into effect. keep in mind that some of these spending cuts that congress has said will automatically go into effect have an impact on our defense department, but they also have an impact on things like head start and so there are some programs that are scheduled...
111
111
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 111
favorite 0
quote 0
but the other thing about the fiscal cliff is you don't want to be blamed for going over it. it is going to be bad for the economy. it's bad for the country. what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass plan "b" that very same week. then it was mr. boehner who said it was up to the senate, someone else's problem. just from a pr perspective, what john boehner has done here is a debacle for the republicans. and the white house, they've just been sitting back the last week or so and letting it happen. but today, they gave us their plan going forward. you could call it deal and jam. >> i'm optimistic we may still be able to reach an agreement that could pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time, between
but the other thing about the fiscal cliff is you don't want to be blamed for going over it. it is going to be bad for the economy. it's bad for the country. what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass...
143
143
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 143
favorite 0
quote 0
the other thing is assuming we have to do something with the fiscal cliff here, but even once that's done and presume lbl awhat we're looking at now is more of a smaller short-term fix, that doesn't mean he's going to take his eye off the economy. he learned the lesson of this early in his first term when he said, okay, we took care of that, we did the stimulus, let's move on to health care. it would be perilous to move away from the economy for this president. in terms of other issues, certainly immigration is low-hanging fruit and he can move very quickly on that. and he needs to move very quickly on guns because if he doesn't move very quickly, he's not going to get anything on that. >> agreed. jonathan, there was a lot to cheer for in twafl, support for marriage equality, health care reform, we moved closer to full recognition of the dream act, not to mention the election itself which was a big victory. but, you know, those victories are going to have to be preserved and we know there's going to be more on a lot of those issues coming in 2013. the states have to implement obama c
the other thing is assuming we have to do something with the fiscal cliff here, but even once that's done and presume lbl awhat we're looking at now is more of a smaller short-term fix, that doesn't mean he's going to take his eye off the economy. he learned the lesson of this early in his first term when he said, okay, we took care of that, we did the stimulus, let's move on to health care. it would be perilous to move away from the economy for this president. in terms of other issues,...
144
144
Dec 31, 2012
12/12
by
WBAL
tv
eye 144
favorite 0
quote 0
investors are concerned that going over the fiscal cliff would hurt the economy. a big drop for stocks on friday. your taxes may go up in 2013. top leaders back to a short-term extension of a farm law that would keep prices from rising. at least 24 colleges have frozen tuition and then leased eight have cut tuition including scene haeton hall. i'm jane king with the bloomberg business report. >> we know the ravens are in the playoffs and now we know who they will be playing. >> don't forget to e-mail us your response to our water cooler question of the day. what are you looking forward to in 2013? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> 18 to 1 are the odds the ravens were given to win the super bowl. >> there are two constance with the ravens, joe flacco and the health.ltam >> we have a couple people out on defense. >> they can get to the super bowl if they can keep everyone. we have everyone that we need. >> we want to hear your take on the ravens' postseason playoffs. >> 5:26. fiscal
investors are concerned that going over the fiscal cliff would hurt the economy. a big drop for stocks on friday. your taxes may go up in 2013. top leaders back to a short-term extension of a farm law that would keep prices from rising. at least 24 colleges have frozen tuition and then leased eight have cut tuition including scene haeton hall. i'm jane king with the bloomberg business report. >> we know the ravens are in the playoffs and now we know who they will be playing. >>...
198
198
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 198
favorite 0
quote 0
they were wrong. >> we are nowhere when it comes to the fiscal cliff talks. let me tell you what's going to happen today. speaker john boehner, the republican speaker, is going to try to pass what he calls his plan b, which would just simply address tax rates for those making a million dollars or more and that's it. >> john boehner walked away from the obama administration's third offer. a giant, giant compromise. so he didn't like it when they led. he didn't like the 2340eshing. he decided instead to chart his own course called plan b. plan b was supposed to show president obama that republicans had their own solution and instead of bothering with his offer they would just go ahead and pass their own plan without him. that was the idea, anyway. >> there is breaking news to report tonight out of washington. strange breaking news out of washington. within the last hour republican house speaker john boehner appears to have completely lost control of his own caucus. just about an hour ago john boehner was forced to pull his own plan off the floor because it turn
they were wrong. >> we are nowhere when it comes to the fiscal cliff talks. let me tell you what's going to happen today. speaker john boehner, the republican speaker, is going to try to pass what he calls his plan b, which would just simply address tax rates for those making a million dollars or more and that's it. >> john boehner walked away from the obama administration's third offer. a giant, giant compromise. so he didn't like it when they led. he didn't like the 2340eshing. he...
129
129
Dec 26, 2012
12/12
by
MSNBCW
tv
eye 129
favorite 0
quote 0
they had a grim outlook for a fiscal cliff deal and the impact of the tragedy in newtown. on the radar this morning, chilling details in the christmas eve firefighter ambush. we could find out soon who will be saying aloha to the senate and a broken record in the house of representatives. new details out of webster, new york. william spangler set a car and house on fire and ambushed firefighters, opening fire on them as they arrive on the scene. police found a note he left behind saying he wanted to burn down the neighborhood and do what i like doing best, killing people. a convicted felon who spent 17 years in prison for killing his grandmother with a hammer was armed with three firearms including a bushmaster, the same gun used in the school massacre. he may have killed his sister and the home had human remains believed to be hers. >> police say spangler took his own life. governor neal abercrombie, democrats are urging a swift deployment so the replacement can on a deficit deal. of abercrombie's options, congresswoman colleen anabusha and senator inouye's dying wish is
they had a grim outlook for a fiscal cliff deal and the impact of the tragedy in newtown. on the radar this morning, chilling details in the christmas eve firefighter ambush. we could find out soon who will be saying aloha to the senate and a broken record in the house of representatives. new details out of webster, new york. william spangler set a car and house on fire and ambushed firefighters, opening fire on them as they arrive on the scene. police found a note he left behind saying he...
221
221
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 221
favorite 0
quote 0
economy will go over the fiscal cliff just as we ring in 2013 at midnight. nbc's kristin welker is live at the white house. kristin, let's get to the fiscal cliff in a moment. you've got some breaking news. >> reporter: i do. we have some breaking news on secretary clinton's health. as you know, he was admitted to the hospital due to a clot. of course, she had fainted a couple weeks ago and she's been recovering ever since. i'm going to read you this statement from her doctors. they say this is a clot in the vein that is situated in the space between the brain and the skull behind the right ear. it did not result in a stroke or neurological damage. to help dissolve this clot her medical team began treating the secretary with blood thinners. she will be released once the medication dose has been established in all other aspects of her recovery. the secretary is making excellent progress and we are confident she will make a full recovery. she is in good spirits engaging with her doctors, her family, and her staff. so, again, those are from her doctors who are
economy will go over the fiscal cliff just as we ring in 2013 at midnight. nbc's kristin welker is live at the white house. kristin, let's get to the fiscal cliff in a moment. you've got some breaking news. >> reporter: i do. we have some breaking news on secretary clinton's health. as you know, he was admitted to the hospital due to a clot. of course, she had fainted a couple weeks ago and she's been recovering ever since. i'm going to read you this statement from her doctors. they say...
172
172
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 172
favorite 0
quote 0
cliff is just a minor blip with you in the long run they actually won a large chunk of what they've been after? >> we're going to have to see what is the impact in the the days ahead. can the republicans somehow turn that around? they certainly, inside the white house believe just the opposite because they believe that john boehner was sort of out maneuvered here, he had been pressing the president, pressing the president for some of his issues and what boehner may have forgotten is at the end of the day if there's no action by the congress, all of the bush tax rates are expiring, so the president is going to get what he's wanted in this debate all along, which is that taxes are going up on the rich and-- >> the president's outmaneuvered the republicans from the very beginning on this. >> ed doesn't have to answer that question. >> and kimberly, we're going to give you the last question, before we go to mike emanuel. >> i have a civilized question for mr. henry. >> and civilized-- >> my goodness, bob. >> it sounds worse than the negotiations on the hill. >> it's worse, thank goodnes
cliff is just a minor blip with you in the long run they actually won a large chunk of what they've been after? >> we're going to have to see what is the impact in the the days ahead. can the republicans somehow turn that around? they certainly, inside the white house believe just the opposite because they believe that john boehner was sort of out maneuvered here, he had been pressing the president, pressing the president for some of his issues and what boehner may have forgotten is at...
142
142
Dec 28, 2012
12/12
by
FBC
tv
eye 142
favorite 0
quote 0
stocks hanging on every word regarding the fiscal cliff. what is the safest way to plan the market right now? prudential strategist quincy crosby shares her dos and don'ts. we want to check 10 and 30 year treasuries to see how the yields are doing. adam: i am adam shapiro, crisis averted, union representing dockworkers and shippers resell labor agreement averting a strike that could have crippled the economy. the international longshoremen's association and the u.s. maritime alliance have agreed to exteed the current contract 30 days to finalize details of the agreement. peers and is acquiring a 5% stake in barnes and noble's no canadian unit worth $8 million. shares of the bookstore chain out today as much as 9% on that news. the media unit consists of the digital business and 674 college bookstores throughout the united states. sources tell reuters blackstone group will keep its money despite a federal insider-trading probe into that hedge fund. the asset management arm of blackstone has $550 million in debt. that is the latest from the f
stocks hanging on every word regarding the fiscal cliff. what is the safest way to plan the market right now? prudential strategist quincy crosby shares her dos and don'ts. we want to check 10 and 30 year treasuries to see how the yields are doing. adam: i am adam shapiro, crisis averted, union representing dockworkers and shippers resell labor agreement averting a strike that could have crippled the economy. the international longshoremen's association and the u.s. maritime alliance have...
131
131
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 131
favorite 0
quote 0
cliff is a way that we would put a ton of economic damage in the economy and a lot of uncertainty about whether washington can govern. but just as important or using that fiscal cliff and not going over it and using that moment to put that bigger debt deal that you were talking about into place and it seems that policymakers who all know we need to do it with both the spending, and just unwilling to make the hard choices and that will be another december and if we have some kind of bipartisan punt that makes the situation worse, not better and citizens across the country and they shouldn't expect this, and in the long run. >> and it has not been able to come under -- this is what he wrote of you, in part, quote, she, like pretty much all of the deficits go, actually empowers hyperpartisanship by always condemning both sides equally no matter who is, and in practice, these days that almost always means making excuses for hard liners and the gop. are you an excusemaker? >> listen, anybody who is a member of congress was elected and sent there. that means that they reflect the voters and t
cliff is a way that we would put a ton of economic damage in the economy and a lot of uncertainty about whether washington can govern. but just as important or using that fiscal cliff and not going over it and using that moment to put that bigger debt deal that you were talking about into place and it seems that policymakers who all know we need to do it with both the spending, and just unwilling to make the hard choices and that will be another december and if we have some kind of bipartisan...
173
173
Dec 29, 2012
12/12
by
KQEH
tv
eye 173
favorite 0
quote 0
and a lot of that will be contingent on resolution of the fiscal cliff and the government and the economy. >> a lot of ways to measure thet but the most direct way for momentum home buyers and sellers is prices. do you expect that trajectory to continue? >> i do.we have raised prices ia little more than half of our communities. it's been relatively modest. but as we observe and we read stats, we are getting a lit lite more confident and may push prices a bit more in 2013. >> what are you finding in termg materials. the commodity that it takes to put up the toll brother homes. >> we are seeing that increasea. in 2012 we have seen the cost go up $4,500 a home. move o most of that was in the commodities. as we go to 2013 it's hard to predict. i don't think we'll see labor stay war i where it is and thatl increase and the commodity as well. >> do you expect it to remainch. >> i do expect it to remainchea. the fed has made that commitment to the extent that you can call it a commitment and it's in the best interest of the continued recovery of the economy to keep mortgage rates low because hou
and a lot of that will be contingent on resolution of the fiscal cliff and the government and the economy. >> a lot of ways to measure thet but the most direct way for momentum home buyers and sellers is prices. do you expect that trajectory to continue? >> i do.we have raised prices ia little more than half of our communities. it's been relatively modest. but as we observe and we read stats, we are getting a lit lite more confident and may push prices a bit more in 2013. >>...
121
121
Dec 27, 2012
12/12
by
FBC
tv
eye 121
favorite 0
quote 0
. >> the overall economy is doing quite well except we have the fiscal cliff issue. if you look at the employment situation that has stabilized and showing an improvement, you look at what is going on in the united states as far as manufacturing is concerned, housing prices have done well, housing sales of the unwelcome consumers, they still want to spend the being put off by this issue. lori: what sectors of i jump into? >> it will be extremely difficult but what you want to do is concentrate on things like financials, they will see a major rebound once we get some compromise. you will look at energy because we will look at consumer discretion and have exposure to the technology sector. lori: what is the mistake investors are making in the midst of this? >> getting wrapped up with this noise. a deal will come down but if you wait for the bottom to come, a market breaking apart, all hell breaking loose you will miss out because you'll be sitting on the sidelines. do some buying as the market pulls back and don't worry about catching a falling knife. tracy: don't figh
. >> the overall economy is doing quite well except we have the fiscal cliff issue. if you look at the employment situation that has stabilized and showing an improvement, you look at what is going on in the united states as far as manufacturing is concerned, housing prices have done well, housing sales of the unwelcome consumers, they still want to spend the being put off by this issue. lori: what sectors of i jump into? >> it will be extremely difficult but what you want to do is...
93
93
Dec 30, 2012
12/12
by
FBC
tv
eye 93
favorite 0
quote 0
coming up next, how the massive gains in the fiscal cliff could impact your 401k and the economy. stay with us gerri: big taxhikes set to t gerri: you make it, they take it. 23.8% is the raise that policymakers wil see on capital gains. chris edwards joins me now. he is director for tax policy studies at the cato institute. i would like to show people what we're talking about. he gets confusing for people. we have a current tax rate, 15%. on january 1, the capital gains tax rate will jump to 23.8%. i talked to a lot of my friends d they say that's not a big dumb. what you say? >> it is a big jump. if you add state taxes on top of that, the united states will be up to 20%. our major trading rtners, britain and europe and canada -- they are only 16%. so there is a ry good reason why just about every industrial country has a really low capital gains tax rate. that's because policymakers just about everywhere know that low capital gains tax rates are crucial for a growth of economy and entrepreneurship and high-thnology industries. gerri: so what if we compare favorably with a lot of
coming up next, how the massive gains in the fiscal cliff could impact your 401k and the economy. stay with us gerri: big taxhikes set to t gerri: you make it, they take it. 23.8% is the raise that policymakers wil see on capital gains. chris edwards joins me now. he is director for tax policy studies at the cato institute. i would like to show people what we're talking about. he gets confusing for people. we have a current tax rate, 15%. on january 1, the capital gains tax rate will jump to...
87
87
Dec 29, 2012
12/12
by
WJZ
tv
eye 87
favorite 0
quote 0
and a lot of that will be contingent on resolution of the fiscal cliff and the government and the economy. >> a lot of ways to measure thestrengthening enhousing market but the most direct way for momentum home buyers and sellers is prices. do you expect that trajectory to continue? >> i do.we have raised prices in a little more than half of our communities. it's been relatively modest. but as we observe and we read stats, we are getting a lit little more confident and may push prices a bit more in 2013. >> what are you finding in termsof the cost of building materials. the commodity that it takes to put up the toll brother homes. >> we are seeing that increaseas well. in 2012 we have seen the cost go up $4,500 a home. move of most of that was in the commodities. as we go to 2013 it's hard to predict. i don't think we'll see labor stay war it where it is and that will increase and the commodity as well. >> do you expect it to remaincheap the housing market. >> i do expect it to remaincheap. the fed has made that commitment to the extent that you can call it a commitment and it's in the be
and a lot of that will be contingent on resolution of the fiscal cliff and the government and the economy. >> a lot of ways to measure thestrengthening enhousing market but the most direct way for momentum home buyers and sellers is prices. do you expect that trajectory to continue? >> i do.we have raised prices in a little more than half of our communities. it's been relatively modest. but as we observe and we read stats, we are getting a lit little more confident and may push...
142
142
Dec 30, 2012
12/12
by
FOXNEWSW
tv
eye 142
favorite 0
quote 0
cliff. >> it's interesting. harry reid told us they are making progress in the talks. at this stage they don't have a deal. what you heard senator thune, republicans are saying if we give you more revenue what will you going to do with it? are you going to pay down the deficit? if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican side seemed to get frustrated because he felt like the democrats were slow walking the th, 18 hours without a response. mcconnell made a call to a well known senator, joe biden to see if he could help. >> we're willing to work with whoever can help. no single issue remains an impossible sticking point. a sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: as senate aide says it was designed to try to jumpstart the talks and consequences of getting a tax increase is a huge concern. >> gregg: what went awry in these talks? >> you heard senator
cliff. >> it's interesting. harry reid told us they are making progress in the talks. at this stage they don't have a deal. what you heard senator thune, republicans are saying if we give you more revenue what will you going to do with it? are you going to pay down the deficit? if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican side seemed to get frustrated because he felt like the democrats were slow walking the th, 18...
151
151
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 151
favorite 0
quote 0
remember, the economy was going off a cliff. a real cliff. and not a symbolic fiscal cliff. i mean, but it was a real economic cliff, over which we had no control at all. he took the reins and prevented another great depression. we had a very, very deep recession and we are still in the gravitational pull of that deep recession, but a lot of conservative republicans, many of whom had been elected in 2010, they looked at what president obama had done with regard to the stimulus package, and everything else, and they said, this is simply too much government. we hate government, we don't want government. and we were elected on a very ideological platform of shrinking the federal government. of kind of an anti-government obsession, of the sort that we haven't seen in this country in decades. >> all right. well, we're looking for the isaac newton to free us from that gravitational pull of these republican ideologues. robert reich, thank you so very much. and our sincere apologies to amanda turco of "the huffington post," who was unable to join us due to technical difficulties bey
remember, the economy was going off a cliff. a real cliff. and not a symbolic fiscal cliff. i mean, but it was a real economic cliff, over which we had no control at all. he took the reins and prevented another great depression. we had a very, very deep recession and we are still in the gravitational pull of that deep recession, but a lot of conservative republicans, many of whom had been elected in 2010, they looked at what president obama had done with regard to the stimulus package, and...
172
172
Dec 29, 2012
12/12
by
WTTG
tv
eye 172
favorite 0
quote 2
cliff. >> i'm modestly optimistic that an agreement can be achieved. nobody is going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. >> reporter: the president called the meeting as lawmakers pointed fingers in this high stakes game of chicken. >> it's republicans who are holding hostage the middle class in america so that the wealthy don't have to pay their fair share. >> we need two words, presidential leadership on not just taxing rich people, we could tax all the rich people and cut their heads off and it wouldn't help the medicare fiscal cliff. >> reporter: with time running out hopes for a grand bargain have diminished with talk now of a smaller deal that extend bush tax rate for the middle class and extends unemployment benefits but puts off major spending cuts and reform to entitlements like medicare. >> we're going to end up with a small kick the can down the road bill that creates another fiscal
cliff. >> i'm modestly optimistic that an agreement can be achieved. nobody is going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. >> reporter: the president called the meeting as lawmakers pointed fingers in this high stakes game of chicken. >> it's republicans who are holding hostage the middle class in america so that the...
56
56
Dec 31, 2012
12/12
by
CNNW
tv
eye 56
favorite 0
quote 0
stock market, despite all those worries about the fiscal cliff and slower growth in the u.s. economy, the stock market has had a great year. too bad you missed out. smart money's been on the market, the rest of us are worried about the fiscal cliff. >> number eight, facebook's ipo. hundreds of millions of people like facebook, but investors did not on its first day as a public company. the stock has yet to climb its way back to the ipo price. >> number seven, mother meyer. the new ceo of yahoo! who announced she was just going to take a two week maternity leave as she tried to turn this company around. 37 years old, it looks like a mother's touch is what yahoo needed. >> mother nature. an intense drought in the midwest that scorched the corn and sky crop sending prices sky high. who can forget super storm sandy? neighborhoods along the northeast swept away, millions without power and damages as high as 50 billion dollars raising lots of questions about u.s. infrastructure and whether we should be spending money to fix it. >> china. is china slowing or leading the world. we kn
stock market, despite all those worries about the fiscal cliff and slower growth in the u.s. economy, the stock market has had a great year. too bad you missed out. smart money's been on the market, the rest of us are worried about the fiscal cliff. >> number eight, facebook's ipo. hundreds of millions of people like facebook, but investors did not on its first day as a public company. the stock has yet to climb its way back to the ipo price. >> number seven, mother meyer. the new...
129
129
Dec 24, 2012
12/12
by
MSNBCW
tv
eye 129
favorite 0
quote 0
cliff. will a shift too the senate save the day? then paradise lost. will president obama leave hawaii behind the day after christmas if a deal is in the works and the election hangover. new comments from one of mitt romney's sons that you might describe as puzzling. what do they really mean? and the gun battle rages on. new reports on why nothing may get done even after the sandy hook tragedy. >>> a massive tax hike and spending cuts -- republicans and democrats continue to point fingers in opposite directions, hinting that talks could go into the new year. >> are we going over the cliff? >> i believe we are, and i think the president is eager to go over the cliff for political purposes. he senses a victory at the bottom of the cliff. >> we only have nine days left here. when are we going to get serious about actual solutions? i would welcome john to tell me. he says he wants a solution. give us one, john. >> meanwhile, president obama is spending christmas in hawaii where he and the first
cliff. will a shift too the senate save the day? then paradise lost. will president obama leave hawaii behind the day after christmas if a deal is in the works and the election hangover. new comments from one of mitt romney's sons that you might describe as puzzling. what do they really mean? and the gun battle rages on. new reports on why nothing may get done even after the sandy hook tragedy. >>> a massive tax hike and spending cuts -- republicans and democrats continue to point...
246
246
Dec 31, 2012
12/12
by
CNNW
tv
eye 246
favorite 0
quote 0
that's what this whole fiscal cliff debate is all about, right? it's about taking money out of the economy. it's about slowing job growth. it's about the potential for a recession in the beginning part of this year, and 9.1% unemployment by the end of the year because of all the money taken out. so what they're doing here is critical stuff. you heard about how this whole process taking a hatchet in the efforts of budget control, when you should use a scalp peel but congress has shown any willingness. >> christine, thank you very much. we'll get your perspective on the other side of the president's address. it's about 15 minutes away or so. he will speak at the white house addressing the american people essentially about the updates on the talks with republicans. it has been the vice president, vice president biden, and the republican senate minority leader mitch mcconnell who have been in negotiations and discussions. we'll see just how far they have gotten and whether or not there is something real that has been put on the table. we're going to h
that's what this whole fiscal cliff debate is all about, right? it's about taking money out of the economy. it's about slowing job growth. it's about the potential for a recession in the beginning part of this year, and 9.1% unemployment by the end of the year because of all the money taken out. so what they're doing here is critical stuff. you heard about how this whole process taking a hatchet in the efforts of budget control, when you should use a scalp peel but congress has shown any...
186
186
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 186
favorite 0
quote 0
congress. >> we are back with msnbc's special coverage of the fiscal cliff talks and that was democratic senator joe manchin of west virginia on the floor of the senate earlier speaking on the state of negotiations. joining me now, congressman tom cole, deputy majority whip in the house of representatives. good to see you, congressman. >> good to see you. >> does joe manchin have a point? >> no, of course not. quite frankly, we've gotten big deals done with the president before. the budget deal in april of 2011, the debt ceiling deal, the free trade agreements, the student loan, the transportation. but the negotiations have always been hard, tough, contention, for two reasons, two sides fundamentally disagree. second, quite honestly, democratic friends particularly the president never gotten serious about spending cuts. if they get all of the revenue they ask for won't come close to dealing with the fiscal issue. >> well, clearly democratic colleagues have a different view of that. let me play what chris van hollen said a short time ago. >> so far, speaker boehner has been held captive a
congress. >> we are back with msnbc's special coverage of the fiscal cliff talks and that was democratic senator joe manchin of west virginia on the floor of the senate earlier speaking on the state of negotiations. joining me now, congressman tom cole, deputy majority whip in the house of representatives. good to see you, congressman. >> good to see you. >> does joe manchin have a point? >> no, of course not. quite frankly, we've gotten big deals done with the president...